Aluminium prices have bounced back after falling to a four-month low, driven by a supply deficit outlook and increased purchasing activity from Chinese buyers. According to FX Street, the lower prices attracted renewed interest from China, helping to extend gains in the metal.
ING analysts, including Warren Patterson and Ewa Manthey, highlighted that expectations of a supply deficit continue to support the aluminium market rebound. This sentiment underpins the recent price recovery following a period of weakness.
For Japanese investors, this development is notable as aluminium is a critical industrial metal influencing manufacturing and export sectors, which are integral to Japan's economy and equity markets.